Wamda

Egypt

Egyptian startups pull trigger on layoffs amid growing uncertainty and funding crunch

The year 2022 has been nothing but a mixed bag for Egypt’s technology and startup sector. On the one hand, the local ecosystem has...

Egypt

Egypt ratifies its Fintech Act

Egypt has ratified its Fintech Act, which regulates the work of fintech companies in Egypt. As per the new regulations, the...

Egypt Fintech

Egypt

RiseUp Summit concludes ninth edition by the Pyramids

It was an event intended to connect Egypt's innovative past with its thriving startup ecosystem, a bustling return to in-person events,...

RiseUp Egypt

Regional

Tourist VCs and their impact on emerging market ecosystems

There is a rising number of foreign VCs investing in the Middle East. Of the 10 Egyptian startups that raised investment in September, four...

Egypt Investment

Egypt

ShipBlu raises pre-Seed funding led by Nama Ventures

Cairo-based startup ShipBlu has closed an undisclosed amount in a pre-Seed funding round led by Nama Ventures, with participation from...

Egypt ecommerce ShipBlu

Egypt

Laila Hassan: More women inclusion in the ecosystem drives better economics

Egypt-based venture capital firm Algebra Ventures announced today that Laila Hassan and Omar Khashaba will be joining its second, $90...

Algebra Ventures GP Egypt

Egypt

Egypt’s Minly raises a $3.6 million Seed round

Egypt-based social media startup Minly has secured a $3.6 million Seed fund, co-led by 4DX Ventures, B&Y Venture Partners, Global...

Minly Egypt

Saudi Arabia

Swvl expands to Saudi Arabia

Egypt-founded mass transportation startup Swvl, has expanded to Saudi Arabia to serve the corporate and business sector. The...

Swvl Saudi Arabia Egypt

Egypt

Egypt's Trella raises $42 million in debt and equity

Cairo-based digital freight marketplace Trella has raised $42 million in a funding round comprising $30 million in new equity and...

Trella Egypt

Egypt

Egyptian gaming startup Gamesbandy closes Seed round

Egypt-based gaming startup Gamesbandy has raised an undisclosed Seed round, led by Flat6labs Bahrain and Tamkeen. Founded by...

Egypt Gamesbandy

Egypt

Kashat raises investment from Cairo Angels

The Cairo Angels has invested in Egypt-based FinTech startup Kashat. The amount invested was not disclosed but the angel network claims...

Kashat cairo angels Egypt

Regional

UberEats shuts down in UAE, Saudi Arabia and Egypt

Source: Reuters Uber (UBER.N) said on Monday it was closing down its Uber Eats operations in eight markets because they did not offer a...

UberEats Egypt foodtech

Egypt

Cairo-based Homzmart raises $1.3 million seed

Sorurce: Menabytes Cairo-based furniture marketplace Homzmart has raised $1.3 million in a seed round, the startup...

ecommerce Egypt Homzmart

Egypt

Mayday raises investment from angel investors

Source: MENAbytes Egypt-based roadside assistance platform Mayday has raised six-figure investment, the startup...

Car Service Egypt cairo

Egypt

Jinni raises six-figure in funding

Source: MenaBytes Cairo-based cleaning services startup Jinni has raised six-figure (USD) investment from AUC Angels, the newly...

Egypt cleaning Funding

Egypt

Raseedi raises $400,000 in seed funding

Source: Menabytes Raseedi, a Cairo-based startup that helps dual SIM users (in Egypt) optimize their telecom spend through its mobile...

Sim dual telecom

Egypt

Vetwork raises six-figure in seed funding

Source: MenaBytes Vetwork, a Cairo-based pet care marketplace has raised seed investment from Cairo Angel, Misk 500 Startups (it was...

seed vet pets

Egypt

Sprint raises six-figure in seed funding

Source: MenaBytes Cairo-based logistics startup Sprint has raised six-figure (USD) seed funding from an angel investor, the startup...

Egypt seed fund

Egypt

PrintX raises $150,000

Source: Ventureburn PrintX, a Cairo-based online print shop, has raised $150 000 from Saudi angel investor Mohamed Elbazz. Tech...

news Investment Egypt

Egypt

MaxAB closes $6.2 million seed round

MaxAB, an Egypt-based business to business (B2B) e-commerce marketplace has secured seed funding of $6.2 million, in one of the largest...

Egypt FMCG Investment

Egypt

Career 180 raises $100,000 in seed funding

Egypt-based Career 180, a career advising platform, has raised $100,000 in a seed funding round from EdVentures. The startup will...

EdTech seed Egypt

Egypt

Egypt approves regulations of ride-hailing applications

Source: Enterprise The Madbouly Cabinet approved in its weekly meeting yesterday the executive regulations of the Ride-Hailing...

ride hailing Egypt

Pakistan

Swvl expands further into Pakistan

Source: MENAbytes Swvl, the app-based bus hailing startup that is now headquartered in Dubai, is expanding further into...

Swvl Egypt ride hailing

Egypt

Egypt to establish 7 technological parks with EGP 1 billion investments: ICT Minister

Source: Daily News Egypt Minister of Communications and Information Technology, Amr Talaat, told Daily News Egypt that seven...

Egypt Technology parks

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